Andrew most certainly did create a hard market if you were in Florida. Before that storm Nationwide, State Farm, Auto Owners, Hartford were all writing oceanfront Condo’s with wind to write thereselfs out of the windstorm pool assessment. Independent Fire insurance company would write a $200K home within blocks of the ocean for $300. with a $250 flat deductible. Oh yes, Hurricanes do create a hard market, depending on where you live.
So for some apparently reading about Earl was a waste of time but the still had time for commenting on it. If you’re not interested, just move on to the next story. Some of us are interested in tracking these storms.
INS guy’s comment was refering to the national market. Huricanes don’t harden up rates in areas not affected by storms, which is most of the US. Doesn’t the SE usually harden up around hurricane season and whenever a CAT hits?
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We need $50B of losses to turn the market according to the experts, so dont get too excited yet!
Anyone check the NHC website instead of dated media blurbs?
Andrew most certainly did create a hard market if you were in Florida. Before that storm Nationwide, State Farm, Auto Owners, Hartford were all writing oceanfront Condo’s with wind to write thereselfs out of the windstorm pool assessment. Independent Fire insurance company would write a $200K home within blocks of the ocean for $300. with a $250 flat deductible. Oh yes, Hurricanes do create a hard market, depending on where you live.
So for some apparently reading about Earl was a waste of time but the still had time for commenting on it. If you’re not interested, just move on to the next story. Some of us are interested in tracking these storms.
INS guy’s comment was refering to the national market. Huricanes don’t harden up rates in areas not affected by storms, which is most of the US. Doesn’t the SE usually harden up around hurricane season and whenever a CAT hits?